Building Details

Year Built 2023

Buildings 1

Stories 3

Listing Agency: EXP Realty LLC Mooresville

Listed By: Nancy Buckstad · License #194805 Show Phone

Source: Mycrosskeys

Added: Aug 18 Changed: Oct 5 Last Checked: Oct 7 at 5:22PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC Mooresville

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Investment Insights

Based on property information with market context.

Built in 2023, this 3,368-square-foot duplex contains two residential units arranged across three stories. Each unit uses an open-concept plan with luxury vinyl plank flooring, a great room, dining area, and kitchen. Kitchens include granite countertops, stainless steel appliances, and ample cabinetry. The middle level contains a primary suite with a walk-in closet and private bathroom with dual vanities, while the upper level adds two bedrooms and a shared full bathroom. The layout provides separation between common areas and bedrooms within each residence.

The property is located in Dallas with access to Highway 321 and I-85, providing routes toward Gastonia, Charlotte, and surrounding areas. The two-unit configuration supports owner occupancy alongside a separate residence or use as a multifamily rental property.

Key Highlights

• Two‑unit duplex with 3,368 square feet across three stories
• Built in 2023
• Each unit includes a great room, dining area, and kitchen in an open‑concept layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,050

Cap Rate

9.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$781,000 $781.0K

Cap Rate 7%

$557,857 $557.9K

Cap Rate 9%

$433,889 $433.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,368 SF

Gross rent

$60.6K $18.00/SF

− Vacancy

−$4.8K −$1.44/SF

EGI

$55.8K $16.56/SF

− OpEx

−$16.7K −$4.97/SF

NOI

$39.1K $11.59/SF

Area

Gaston County, NC

Vacancy

7.98%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$781,000

Cap Rate 7%

$557,857

Cap Rate 9%

$433,889

Alternative Uses

Best Use

Multifamily LT 5

$557.9K

$488.1K – $650.8K (±1% cap)

NOI $39,050 @ 7.0% cap · market cap 9.10%

Second Best

Apartment 5plus

$509.0K

$445.4K – $593.9K (±1% cap)

NOI $35,633 @ 7.0% cap · market cap 8.31%

Theoretical Best

Office A

$1.06M

$927.6K – $1.24M (±1% cap)

NOI $74,204 @ 7.0% cap · market cap 17.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Dental Office Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

285

Businesses Nearby

Explore this area Business Placement

Demographics for 28034, NC

19,258

Population

8,085

Households

2.4

Avg Household Size

39

Median Age

16%

College-Educated

86%

High-School Grad

45.6 sq mi

ZIP Area

422

Density / Sq Mi

$59,969

Median Household Income

$42,804

Median Earnings

$841

Median Rent

$221,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer open layouts, contemporary finishes, and convenient access to regional highways.

Where is this duplex located?

The property is located at 511 N Hill Street A And B Dallas, NC.

What is the asking price?

The asking price for this property is $428,900.

What are key features of this property?

This property features: Two‑unit duplex with 3,368 square feet across three stories; Built in 2023; Each unit includes a great room, dining area, and kitchen in an open‑concept layout